Higher portfolio valuation strengthens planned REIT listing ahead of Bursa debut

Portfolio Value Revised Higher

IOI Properties Group has increased the valuation of assets earmarked for its proposed REIT to RM7.66 billion, up RM86 million (1.1%) from the previous valuation of RM7.58 billion. The revised valuation follows an independent assessment by Knight Frank ahead of the planned REIT listing.

Prime Assets Drive the Increase

The higher valuation was mainly driven by stronger market values for flagship assets, including IOI City Mall, IOI City Towers, PFCC Towers, Putrajaya Marriott Hotel, and Moxy Putrajaya. However, the gains were partially offset by lower valuations for Courtyard by Marriott Penang and W Kuala Lumpur.

REIT Listing Moves Closer

The revised valuation forms part of IOI Properties’ proposed REIT exercise, which includes transferring selected commercial and hospitality assets into the trust before its Bursa Malaysia listing. The REIT is expected to help the group unlock asset value and improve capital management.

Why It Matters

A higher asset valuation enhances the proposed REIT’s portfolio quality and reflects the strength of IOI Properties’ income-generating assets. The listing is expected to provide additional financial flexibility while supporting future growth initiatives.

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Article Information Source: Businesstoday

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